Russia is preparing to lift gasoline exports ban, deputy PM says


*Gasoline laden vessel
*Gasoline laden vessel

News wire โ€” Russia is preparing to lift its gasoline exports ban and the necessary paperwork will be ready in near future, Deputy Prime Minister Alexander Novak told reporters on Friday without providing a concrete timeline.

Russia extended gasoline export restrictions until the end of the year in August.

The top gasoline producers in Russia in 2023 were Gazprom Neftโ€™s Omsk refinery, Lukoilโ€™s NORSI oil refinery in Nizhny Novgorod and Rosneftโ€™s Ryazan refinery.

Russia in 2023 produced 43.9 million metric tons of gasoline and exported about 5.76 million tons, or around 13% of its production.

The biggest importers of Russian gasoline are mainly African countries, including Nigeria, Libya, Tunisia and the United Arab Emirates.

Reporting by Olesya Astakhova and Vladimir Soldatkin; Editing by Toby Chopra โ€“ Reuters



This article was originally posted at sweetcrudereports.com

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